Autodesk (NASDAQ:ADSK) Updates Q4 Earnings Guidance

Autodesk (NASDAQ:ADSK) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.10-2.16 for the period, compared to the consensus earnings per share estimate of $2.12. The company issued revenue guidance of $1.623-1.638 billion, compared to the consensus revenue estimate of $1.62 billion. Autodesk also updated its FY 2025 guidance to 8.290-8.350 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BMO Capital Markets upped their target price on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Piper Sandler lifted their target price on shares of Autodesk from $257.00 to $311.00 and gave the stock a “neutral” rating in a research note on Wednesday. Mizuho upped their price target on shares of Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays lifted their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.38.

Autodesk Price Performance

NASDAQ:ADSK opened at $290.64 on Friday. The stock has a market capitalization of $62.49 billion, a PE ratio of 59.44, a price-to-earnings-growth ratio of 4.08 and a beta of 1.47. Autodesk has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average price is $289.44 and its 200-day moving average price is $257.07.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company earned $1.33 earnings per share. Autodesk’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Autodesk will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the sale, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,936 shares of company stock valued at $549,333 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.